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Afina-wow [57]
3 years ago
15

There are distinctive differences between private market and public government operations. Private goods and public goods have d

ifferent characteristics. A good is considered to be a public good if it
Business
1 answer:
Mekhanik [1.2K]3 years ago
5 0

Answer:

A good is considered to be a public good if it

  • it is both non-excludable and non-rivalrous. A good is non-excludable when it can be consumed by anyone, i.e. no one can be prohibited from consuming it. It is non-rivalrous when the consumption from one individual doesn't limit the consumption from other people. Even if there is a limit in the consumption of a private good or service, it is still considered a public good because the limit is not imposed by anyone, it is imposed by the nature of the good or service, e.g. only X amount of people can use a public beach because the size of the beach limits the number of users, since there is no beach that can be used by 7 billion people.
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Which distribution channel is used by valley farm dairy to distribute its products to consumers without intermediaries?
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3 0
3 years ago
If a monopolist or a perfectly competitive firm is producing at a break-even point, then:
Klio2033 [76]
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4 years ago
Charles wants to start a décor business and takes a loan of $35,000 from the bank to set up the business. Once the business is u
miv72 [106K]

Answer:

Sole Proprietorship

Explanation:

Charles is planning to start a sole proprietorship business. It is the most common form of business ownership.

This is the form of business owned, managed and operated by a single individual. Here, there is no distinction between the business and the owner. The owner of the business will have total control of all the profits incurred in the business and solely be responsible for all losses incurred as well.

5 0
3 years ago
An RR sold shares of new stock issue of ABC Corp. to a customer at $20 per share. After a week, ABC is selling at $10. The RR of
Vanyuwa [196]

Answer:

It is a violation of NASD rules against guaranteeing a customer against loss.

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A concept that can be used to describe (how will government's money be spent)
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